Deutsche Post DHL on track for sold profitability

Deutsche Post DHL has continued its sound performance of the first half of 2010 during the third quarter, generating another double-digit increase in revenue. Despite a slight decline in the Mail division, consolidated revenue rose 13.9 per cent to €12.8 billion driven by strong growth generated by all three DHL divisions. Consolidated net profit for […]


Deutsche Post DHL has continued its sound performance of the first half of 2010 during the third quarter, generating another double-digit increase in revenue. Despite a slight decline in the Mail division, consolidated revenue rose 13.9 per cent to €12.8 billion driven by strong growth generated by all three DHL divisions. Consolidated net profit for the group was €226 million in the third quarter, following the loss of €83 million in the same period last year. The group attributed this performance to increased transport volumes, higher freight rates and the continuing success in attracting new customers. During the past quarter, the Group also profited from positive currency effects and additional margin gains in the DHL divisions also resulted in the significant increase in profitability it said.. Underlying EBIT totaled €543 million, 43.7 per cent above the previous year’s level. In the first nine months of fiscal year 2010, revenue rose 11.2 per cent to €37.6 billion while consolidated net profit after minorities more than doubled year overyear to €2.1 billion. Underlying EBIT for the full year 2010 is now expected to total between €2 and 2.1 billion. “The company’s very good performance in the third quarter demonstrates once again that we have an exceptionally good position that allows us to profit tremendously from positive economic trends,¡± said Deutsche Post DHL CEO Frank Appel. “Our strategy is robust, our efficiency programs are paying off, and our customers are rewarding our efforts.¡±